3370 Ocean Shore Blvd APT 307Ormond BeachFL32176
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Ormond Beach at 3370 Ocean Shore Blvd APT 307, Ormond Beach, FL, 32176 offers a 8.46% rental yield on a $245,000 purchase with $1,727/mo rent. Total monthly income registers $1,727/mo, and a $1,199/mo payment leaves $101/mo available for distribution. Annual cash flow reaches $1,215/yr on $81,218 to close, and return on cash invested stands at 21.41% in year one. Equity gained on principal adds $1,581/yr while 5% annual appreciation supports $67,689 over five years. Portfolio math shows five-year ROI at 111.49% and total cumulative return in cash at $90,552. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,727/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1983
4.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32176, Ormond Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,445 (100%) |
| Owner Occupied HU | 6,130 (58.7%) |
| Renter Occupied HU | 1,418 (13.6%) |
| Vacant Housing Units | 2,897 (27.7%) |
| Median Home Value | $456,930 |
| Average Home Value | $555,979 |
Housing Distribution
Address Breakdown
Residential
8,809
Single Family
7,075
Multi-Family
1,734
Businesses
388
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Listed by: Nancy Cortez • Adams, Cameron & Co., Realtors
Mls Name: DBAMLS
Mls ID: #1219200